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URE

Ultra Real Estate

Investment Objective

ProShares Ultra Real Estate seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. Real EstateSM Index.

You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)

Performance

Daily Return during Q2 2022
Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.

Total Return

Fund + Index 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
URE Market Price -9.05% -6.25% -15.00% -28.73% -1.59% 4.39% 7.60% 11.95% -3.30% 01/30/2007
URE NAV -9.37% -6.12% -14.73% -28.48% -1.39% 4.38% 7.61% 11.95% -3.30% 01/30/2007

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.

About the Fund

Snapshot
  • Ticker URE
  • Intraday Ticker URE.IV
  • CUSIP 74347X625
  • Inception Date 1/30/07
  • Expense Ratio 0.95%
  • Gross Expense Ratio 1.07%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Price
as of 6/24/2022
  • NAV $74.48
  • NAV Change $+3.11 up caret
  • Market Price $74.37
  • Market Price Change $+3.09 up caret
  • Trading Volume (M) 4,945
  • 30-Day Median Bid Ask Spread 0.16%
  • View Premium / Discount
Snapshot
  • Ticker URE
  • Intraday Ticker URE.IV
  • CUSIP 74347X625
  • Inception Date 1/30/07
  • Expense Ratio 0.95%
  • Gross Expense Ratio 1.07%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Price
as of 6/24/2022
  • NAV $74.48
  • NAV Change $+3.11 up caret
  • Market Price $74.37
  • Market Price Change $+3.09 up caret
  • Trading Volume (M) 4,945
  • 30-Day Median Bid Ask Spread 0.16%
  • View Premium / Discount

The expense ratio above has a contractual waiver ending 9/30/22.

Exposures

Index as of 3/31/2022

Holdings

as of 6/24/2022

Weight Ticker Description Exposure Value
(Notional + GL)
Market Value Shares/Contracts
44.76% -- DJ U.S. REAL ESTATE INDEX SWAP UBS AG 39,462,485 -- 107,877
27.95% -- DJ U.S. REAL ESTATE INDEX SWAP GOLDMAN SACHS INTERNATIONAL 24,639,498 -- 67,356
12.30% -- DJ U.S. REAL ESTATE INDEX SWAP BNP PARIBAS 10,843,706 -- 29,643
11.65% -- DJ U.S. REAL ESTATE INDEX SWAP CITIBANK NA 10,268,287 -- 28,070
9.95% -- DJ U.S. REAL ESTATE INDEX SWAP BANK OF AMERICA NA 8,772,124 -- 23,980
7.90% AMT AMERICAN TOWER CORP -- $6,963,029.80 26,612
6.93% -- DJ U.S. REAL ESTATE INDEX SWAP SOCIETE GENERALE 6,109,393 -- 16,701
5.90% PLD PROLOGIS INC -- $5,199,041.90 42,410
4.92% CCI CROWN CASTLE INTL CORP -- $4,341,151.92 24,808
4.08% EQIX EQUINIX INC -- $3,594,021.55 5,215
3.12% PSA PUBLIC STORAGE -- $2,748,848.31 8,749
2.70% O REALTY INCOME CORP -- $2,384,702.54 34,466
2.57% DLR DIGITAL REALTY TRUST INC -- $2,263,689.20 16,309
2.46% WELL WELLTOWER INC -- $2,168,026.88 26,008
2.30% SBAC SBA COMMUNICATIONS CORP -- $2,024,715.94 6,178
2.13% SPG SIMON PROPERTY GROUP INC -- $1,873,951.82 18,811
1.90% VICI VICI PROPERTIES INC -- $1,672,784.72 55,171
1.77% AVB AVALONBAY COMMUNITIES INC -- $1,563,151.50 8,010
1.66% WY WEYERHAEUSER CO -- $1,464,243.16 42,652
1.62% CSGP COSTAR GROUP INC -- $1,426,695.00 22,700
1.60% EQR EQUITY RESIDENTIAL -- $1,408,031.10 19,605
1.55% CBRE CBRE GROUP INC - A -- $1,369,212.99 18,723
1.50% EXR EXTRA SPACE STORAGE INC -- $1,326,042.41 7,693
1.44% DRE DUKE REALTY CORP -- $1,265,336.25 22,025
1.41% INVH INVITATION HOMES INC -- $1,241,607.15 34,965
1.39% ARE ALEXANDRIA REAL ESTATE EQUIT -- $1,221,296.77 8,509
1.33% VTR VENTAS INC -- $1,173,115.77 22,899
1.29% MAA MID-AMERICA APARTMENT COMM -- $1,140,940.89 6,613
1.29% SUI SUN COMMUNITIES INC -- $1,134,227.60 6,967
1.11% ESS ESSEX PROPERTY TRUST INC -- $979,580.53 3,743
1.08% WPC WP CAREY INC -- $947,954.78 11,051
0.94% CPT CAMDEN PROPERTY TRUST -- $824,576.33 6,103
0.93% IRM IRON MOUNTAIN INC -- $823,311.16 16,646
0.92% PEAK HEALTHPEAK PROPERTIES INC -- $806,777.10 30,911
0.90% UDR UDR INC -- $791,334.05 17,147
0.85% BXP BOSTON PROPERTIES INC -- $751,640.00 8,170
0.83% ELS EQUITY LIFESTYLE PROPERTIES -- $727,962.95 9,911
0.81% KIM KIMCO REALTY CORP -- $713,076.84 35,406
0.75% HST HOST HOTELS & RESORTS INC -- $658,885.50 40,950
0.72% GLPI GAMING AND LEISURE PROPERTIE -- $633,096.27 13,473
0.68% AMH AMERICAN HOMES 4 RENT- A -- $596,443.90 16,930
0.64% NLY ANNALY CAPITAL MANAGEMENT IN -- $566,098.23 89,431
0.64% REXR REXFORD INDUSTRIAL REALTY IN -- $562,975.21 9,457
0.63% CUBE CUBESMART -- $559,580.16 12,858
0.62% REG REGENCY CENTERS CORP -- $546,372.76 8,887
0.62% LSI LIFE STORAGE INC -- $545,162.40 4,833
0.60% MPW MEDICAL PROPERTIES TRUST INC -- $532,202.40 34,380
0.58% ACC AMERICAN CAMPUS COMMUNITIES -- $515,179.77 7,991
0.56% JLL JONES LANG LASALLE INC -- $491,112.54 2,799
0.52% LAMR LAMAR ADVERTISING CO-A -- $459,344.92 4,988
0.52% COLD AMERICOLD REALTY TRUST INC -- $458,644.71 15,427
0.50% NNN NATIONAL RETAIL PROPERTIES -- $439,904.70 10,078
0.46% FRT FEDERAL REALTY INVS TRUST -- $407,575.35 4,095
0.45% OHI OMEGA HEALTHCARE INVESTORS -- $393,364.44 13,476
0.44% STWD STARWOOD PROPERTY TRUST INC -- $391,045.92 17,583
0.44% STOR STORE CAPITAL CORP -- $390,726.66 14,466
0.44% EGP EASTGROUP PROPERTIES INC -- $390,438.00 2,388
0.42% AIRC APARTMENT INCOME REIT CO -- $372,240.00 9,000
0.42% FR FIRST INDUSTRIAL REALTY TR -- $371,067.34 7,562
0.41% HTA HEALTHCARE TRUST OF AME-CL A -- $364,322.24 13,124
0.41% BRX BRIXMOR PROPERTY GROUP INC -- $357,957.60 17,160
0.39% AGNC AGNC INVESTMENT CORP -- $347,802.80 29,983
0.38% Z ZILLOW GROUP INC - C -- $332,721.18 9,383
0.37% STAG STAG INDUSTRIAL INC -- $330,494.73 10,267
0.37% KRC KILROY REALTY CORP -- $326,416.32 6,018
0.37% RYN RAYONIER INC -- $321,914.21 8,381
0.34% SRC SPIRIT REALTY CAPITAL INC -- $295,834.32 7,692
0.32% BXMT BLACKSTONE MORTGAGE TRU-CL A -- $283,216.68 9,756
0.31% VNO VORNADO REALTY TRUST -- $272,386.08 9,116
0.30% NRZ NEW RESIDENTIAL INVESTMENT -- $262,606.44 26,742
0.29% CUZ COUSINS PROPERTIES INC -- $257,138.91 8,523
0.28% NSA NATIONAL STORAGE AFFILIATES -- $243,896.76 4,822
0.26% HR HEALTHCARE REALTY TRUST INC -- $233,279.10 8,685
0.26% DEI DOUGLAS EMMETT INC -- $231,129.45 10,071
0.25% DOC PHYSICIANS REALTY TRUST -- $223,807.38 12,907
0.24% PSB PS BUSINESS PARKS INC/MD -- $215,650.05 1,155
0.24% HIW HIGHWOODS PROPERTIES INC -- $207,767.76 6,024
0.22% SBRA SABRA HEALTH CARE REIT INC -- $194,098.77 13,231
0.21% -- DJ U.S. REAL ESTATE INDEX SWAP MORGAN STANLEY & CO. INTERNATIONAL PLC 186,929 -- 511
0.21% SLG SL GREEN REALTY CORP -- $181,875.75 3,675
0.21% PCH POTLATCHDELTIC CORP -- $181,095.18 3,974
0.20% LXP LXP INDUSTRIAL TRUST -- $180,477.78 16,422
0.20% EQC EQUITY COMMONWEALTH -- $179,513.55 6,455
0.20% OFC CORPORATE OFFICE PROPERTIES -- $173,622.40 6,440
0.18% NHI NATL HEALTH INVESTORS INC -- $161,954.55 2,627
0.18% JBGS JBG SMITH PROPERTIES -- $154,666.07 6,229
0.17% HHC HOWARD HUGHES CORP/THE -- $148,776.15 2,209
0.15% HPP HUDSON PACIFIC PROPERTIES IN -- $133,073.16 8,286
0.14% OPEN OPENDOOR TECHNOLOGIES INC -- $127,627.34 22,549
0.08% ZG ZILLOW GROUP INC - A -- $73,771.23 2,067
0.07% RDFN REDFIN CORP -- $59,373.80 6,140
0.04% ONL ORION OFFICE REIT INC -- $36,763.22 3,245
0.01% COMP COMPASS INC - CLASS A -- $6,694.94 1,649
-- -- NET OTHER ASSETS (LIABILITIES) -- $12,441,821.23 12,441,821

Index

as of 3/31/2022

  • Total Number of Companies86
  • Price/Earnings Ratio45.315
  • Price/Book Ratio2.958
  • Dividend Yield ( % )3.20
  • Avg. Index Market Capitalization$17.82 billion
About the Index

The Dow Jones U.S. Real Estate Index measures the performance of the real estate industry of the U.S. equity market. Component companies include those that invest directly or indirectly through development, management or ownership of shopping malls, apartment buildings and housing developments; and real estate investment trusts ("REITs") that invest in apartments, office and retail properties. REITs are passive investment vehicles that invest primarily in income-producing real estate or real estate related loans or interests.

Derivative contracts are priced to reflect the underlying index yield and will not generate dividend income. Because ProShares invest in derivatives, they will not have dividend distributions that reflect those of their applicable indexes.

Distributions

Ex-Dividend Date Record Date Payable Date Dividend Long-Term Capital Gain Short-Term Capital Gain Return of Capital

Portfolio Hedging Series Research & Insights

Part I: The Significance of Portfolio Hedging

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For the total return table above, since inception returns are cumulative for funds less than one year old; otherwise, returns are annualized. Market returns are based on the composite closing price and do not represent the returns you would receive if you traded shares at other times. The listing date is typically one or more days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the listing date.

The expense ratio for certain funds includes a contractual fee waiver that results in a lower net expense ratio for some or all periods shown. For information about this ETF’s fees, please see above.

Holdings are subject to change. ProShares may invest in financial instruments (including derivatives) that, in combination, should have daily price return characteristics similar to the fund's benchmark.

Registered Investment Companies are required by the IRS to distribute substantially all of their income and capital gains to shareholders at least annually. For specific tax advice, we recommend you speak with a qualified tax professional.

This leveraged ProShares ETF seeks a return that is 2x the return of its underlying benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, holding periods of greater than one day can result in returns that are significantly different than the target return, and ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Investors should monitor their holdings as frequently as daily. Investors should consult the prospectus for further details on the calculation of the returns and the risks associated with investing in this product.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.

Index information does not reflect any management fees, transaction costs or expenses. Indexes are unmanaged, and one cannot invest directly in an index.

There is no guarantee that distributions will not be made in the future. There is no guarantee that dividends or interest income will be paid.

There is no guarantee any ProShares ETF will achieve its investment objective.

Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns.

Investing involves risk, including the possible loss of principal. Leveraged ProShares ETFs are non-diversified and entail certain risks, including risk associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. Please see their summary and full prospectuses for a more complete description of risks.

The fund concentrates its investments in certain sectors. Narrowly focused investments typically exhibit higher volatility.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.

Quote data provided by Interactive Data - Real Time Services, Inc. and subject to terms of use.

ProShares ETFs (ProShares Trust and ProShares Trust II) are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor.

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